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annual report 2008
true value for investors
true value for investors
The Randstad share reflects true value for investors. This may sound odd, given that Total Shareholder Return amounted to minus 42% in 2008 and that no dividend will be paid for 2008. However, long-term prospects are positive.
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annual report 2008 | consolidated financial statements | notes to the consolidated financial statements | 10. General and administrative expenses

10. General and administrative expenses

General and administrative expenses include:
  • foreign exchange losses in the amount of € 1.2 million (2007: € 0.5 million);
  • loss on the sale of property, plant and equipment in the amount of € 0.9 million (2007: € 0.2 million profit);
  • book profit on the sale of subsidiaries in the amount of € 3.8 million (2007: € 0.0 million);
  • Impairment charge on goodwill in the amount of € 555.8 million (2007: € 0.0 million);
  • Impairment charge on other intangible assets in the amount of € 29.3 million (2007: € 0.0 million).